Canada stocks higher at close of trade; S&P/TSX Composite up 0.24%

Canada stocks higher at close of trade; S&P/TSX Composite up 0.24%

Jul 24, 2019

Canada stocks were higher after the close on Wednesday, as gains in the IT, Industrials and Clean Technology sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.24% to hit a new 1-month high.

The best performers of the session on the S&P/TSX Composite were Sandstorm Gold Ltd . (TSX:SSL), which rose 5.42% or 0.460 points to trade at 8.950 at the close. Meanwhile, Pan American Silver Corp (TSX:PAAS) added 5.02% or 1.03 points to end at 21.54 and Canfor Corporation (TSX:CFP) was up 4.91% or 0.52 points to 11.12 in late trade.

The worst performers of the session were CannTrust Holdings Inc (TSX:TRST), which fell 21.87% or 0.7500 points to trade at 2.6800 at the close. Hexo Corp (TSX:HEXO) declined 5.23% or 0.3100 points to end at 5.6200 and NexGen Energy Ltd. (TSX:NXE) was down 3.48% or 0.070 points to 1.940.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 618 to 428 and 127 ended unchanged.

Shares in Sandstorm Gold Ltd. (TSX:SSL) rose to 5-year highs; rising 5.42% or 0.460 to 8.950. Shares in CannTrust Holdings Inc (TSX:TRST) fell to 52-week lows; losing 21.87% or 0.7500 to 2.6800.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.01% to 9.76 a new 52-week low.

Gold Futures for August delivery was up 0.31% or 4.45 to $1426.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.53% or 0.87 to hit $55.90 a barrel, while the September Brent oil contract unchanged 0.00% or 0.00 to trade at $63.12 a barrel.

CAD/USD was up 0.05% to 0.7611, while CAD/EUR rose 0.01% to 0.6829.

The US Dollar Index Futures was down 0.06% at 97.362.

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